https://www.taxtmi.com/acts?id=38745 The provision empowers the Assessing Officer to impose a penalty equal to the aggregate amount of any false entry or omission in books of account relevant to computation of total income where such entries are used to evade tax; it also permits imposing equivalent penalty on any person who causes another to make or omit such entries. "False entry" includes forged or falsified documents, invoices for non-existent supplies or receipts, and invoices to or from non-existent persons. en-us Sat, 28 Mar 2020 10:55:45 +0530 Sat, 28 Mar 2020 10:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38745 The provision empowers the Assessing Officer to impose a penalty equal to the aggregate amount of any false entry or omission in books of account relevant to computation of total income where such entries are used to evade tax; it also permits imposing equivalent penalty on any person who causes another to make or omit such entries. "False entry" includes forged or falsified documents, invoices for non-existent supplies or receipts, and invoices to or from non-existent persons. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:55:45 +0530 https://www.taxtmi.com/acts?id=38745